Scoliosis Market size is projected to experience significant growth from 2018 to 2024. Growing prevalence of musculoskeletal disorders in developing as well as developing countries is the key factor that will drive global scoliosis market growth during the forecast period. According to the Journal of Back and Musculoskeletal Rehabilitation, scoliosis affected 3% of the people globally in 2014. National Scoliosis Foundation estimated that about 6 million people in the U.S. suffered from scoliosis in 2015. Rising prevalence of adolescent idiopathic scoliosis will further spur scoliosis market size in the forthcoming years.
Increasing incidence of cerebral palsy and muscular dystrophy leading to scoliosis will serve to be another positive impact rendering factor in the market growth. According to a study published in Journal of Spine Surgery, scoliosis occurs among 64% of patients suffering from cerebral palsy. Genetic predisposition coupled with increasing adoption of sedentary lifestyle and lack of physical activity are the major factors that lead to development of scoliosis. However, high treatment cost and limited understanding of disorder may impede the market growth in the foreseeable future. Moreover, factors such as minimal treatment options and unfavorable reimbursement policies can further hamper overall market growth.
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Thoracolumbosacral Orthosis (TLSO) segment will show considerable growth during the forecast timeframe due to its vivid applications in scoliosis. TLSO has wide array of indications such as infantile, juvenile and adolescent idiopathic scoliosis. Advancements in design and shoulder padding that enable patients to maintain posture comfortably will increase the adoption rate scoliosis management devices. Aforementioned factors will propel TLSO segment growth in the forthcoming years.
Adolescent idiopathic scoliosis is the most common form of scoliosis that occurs predominantly among females. Genetic predisposition is the major cause of adolescent idiopathic scoliosis. With increasing birth rate among developing economies, the prevalence of adolescent idiopathic scoliosis will upsurge in future. Increasing awareness among people pertaining to adolescent idiopathic scoliosis will further drive the segmental growth.
Hospital and clinics segment is anticipated to show considerable growth throughout the estimated period. Increasing prevalence of scoliosis among all age groups, availability of well-developed healthcare facilities as well as increasing number of scoliosis surgeries will augment segmental growth in the coming years.
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U.S. scoliosis market dominated the market with highest revenue share in 2017. Sedentary lifestyle coupled with unhealthy dietary habits and lack of physical activity are the key factors that will drive the scoliosis industry growth during the forecast period. Awareness among people regarding scoliosis treatment, presence of highly advanced healthcare infrastructure as well as presence of major industry players in the country will further drive growth.
Indian scoliosis market is expected to show lucrative growth over the analysis timeframe. Presence of large patient pool suffering from scoliosis is the key factor that will drive the scoliosis industry growth in the country. Furthermore, growing awareness among people regarding scoliosis treatment, increasing adoption of advanced technologies and increasing healthcare expenditure will augment Indian scoliosis market growth in the coming years.
Some of the notable industry players in scoliosis market include Aspen Medical Products, Boston Orthotics & Prosthetics, Horton’s Orthotics & Prosthetics, La Brace, Lawall Prosthetics and Orthotics, Optec Inc., Ortholutions GmbH & Co. KG, Ossur, Pro-Tech Orthopedics, Spinal Technology, Inc., Wellinks Inc. and Wilmington Orthotics & Prosthetics, Inc. Key strategies adopted by prominent industry players include innovative product launch as well as strategic mergers, acquisitions and collaborations.
Scoliosis Market By Product, 2013-2024 (USD Million)
- Thoracolumbosacral Orthosis (TLSO)
- Cervical Thoracic Lumbar Sacral Orthosis (CTLSO)
- Lumbosacral Orthosis (LSO)
Scoliosis Market By Age, 2013-2024 (USD Million)
- Infantile idiopathic scoliosis
- Juvenile idiopathic scoliosis
- Adolescent idiopathic scoliosis
Scoliosis Market By Distribution Channel, 2013-2024 (USD Million)
- Hospitals & clinics
- Retail pharmacies
- Online pharmacies